Machi Big Brother (@machibigbrother) has recently redirected his investment strategy, moving away from accumulating $FRIEND and focusing instead on purchasing $BLAST.
Since August 5, he has spent 1,464 ETH (approximately $3.86 million) to acquire 350 million $BLAST tokens, making him the largest individual holder of $BLAST.
Machi Big Brother(@machibigbrother) appears to have stopped accumulating $FRIEND and shifted focus to buying $BLAST.
Since August 5, he has spent 1,464 $ETH($3.86M) to buy 350M $BLAST.
Address:
0xF0EA13334d6F74044EC7332De1C6EC194179df3d… pic.twitter.com/bvou3Fw6Qs— Lookonchain (@lookonchain) August 19, 2024
Recent Investment Activity
Before today’s shift, Machi Big Brother had been steadily buying $BLAST since the market crash on August 5. Over the past two weeks, he invested a total of 1,379 ETH ($3.58 million) to purchase 330 million $BLAST, reclaiming his position at the top of the $BLAST holder list.
A Look at Machi’s $BLAST Investment History:
1. Initial Purchase: Between June 26 and July 19, Machi bought 250 million $BLAST for $6.03 million, with an average price of $0.024 per token.
2. Sell-Off: From July 20 to July 29, he sold 219 million $BLAST for $3.3 million, at an average price of $0.0151, incurring a loss of $1.95 million.
3. Reinvestment: Following the market downturn on August 5, Machi resumed buying $BLAST. So far, he has acquired 330 million $BLAST for $3.58 million, with an average price of $0.0108 per token.
麻吉 (machi big brother) 自 8/5 市场暴跌后继续买入 $BLAST：至今 12 天里累计花费 1,379 ETH 买入 3.3 亿枚 BLAST ($3.58M)，重回 BLAST 榜一。
麻吉的 BLAST 投资历史：
1⃣买入：6/26-7/19，麻吉一共买进 2.5 亿枚 BLAST ($6.03M)，均价 $0.024；
2⃣卖出：7/20-7/29，麻吉以 $0.0151 的均价卖出了… pic.twitter.com/kttiELl7Kn— 余烬 (@EmberCN) August 17, 2024
Impact on $FRIEND
The $FRIEND token, which had surged over 190% in the past week, quickly responded to Machi’s on-chain activity. The price plummeted from $0.4 to $0.16, according to CoinMarketCap data. However, the trading price stabilized soon after, returning to its initial daily high.
Machi Big Brother’s strategic shift from $FRIEND to $BLAST highlights the volatility and rapid changes within the cryptocurrency market, as significant moves by prominent investors can cause swift market reactions.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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